Analyzing Hard Red Spring Wheat Prices: Market Strategies and Forecasts

Our historic grain, oilseed and special crop analyses can be found with the following links:

Klarenbach Grain Report

Klarenbach Special Crops Report

Trent Klarenbach discusses the current and future market trends for Hard Red Spring wheat.

Using the Minneapolis Grain Exchange continuous chart and Klarenbach Price Index for Saskatchewan, he reviews recent price movements and predicts potential future levels.

We highlight key support and resistance levels, including the recent retracement to $6.41, and consider different scenarios for market behaviour, emphasizing caution and the importance of waiting for stronger signals before taking long positions.

$WEAT ( ▼ 3.19% )  

$ZW_F ( 0.0% )  

$KE_F ( 0.0% )  

Subscribe to Premium to read the rest.